Liam Kennedy has now shared some fresh insight on the potential takeover of Newcastle United from the Reuben brothers’ camp.
The Lowdown: CAT case underway
The Competition Appeal Tribunal (CAT) case between Mike Ashley and the Premier League over the stalled takeover deal with the Kingdom of Saudi Arabia (KSA) group is now underway, with the separate arbitration case set to take place on January 3rd next year.
Is the KSA takeover of Newcastle over?
The Toon army will of course be waiting with bated breath to see what comes of what has felt like a lifetime of delays, with Kennedy sharing insight from several different parties involved in the deal.
The Latest: Reubens insight
Writing in his latest article for Newcastle World, the journalist has now shared some insight from inside the Reubens’ camp on the consortium’s bid, amid the ongoing CAT case.
The journalist shares that there is ‘confidence’ in the camp that the deal can be done, with one prominent member of the family empire even going as far as to claim that ‘we will get this deal’ when asked about it recently.
Jamie Reuben is the ‘main driver’, with the Reubens set to hold a 10% stake at St. James’ Park if the takeover ends up going through.
The Verdict: Still hope
There should be hope among the Toon Army that the deal can be completed, as the buying side seem to still be confident as more details on the CAT case start to unravel.
However, it is likely that their chances will hinder more on the results of the arbitration hearing, which could go in their favour depending on what comes out of the anti-competition claim.
Nonetheless, the top flight will be equally as confident that the results go in their favour, and so it is all set up to be an intriguing legal battle between the two parties.
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